Global Unichip (3443) Q2 2025 earnings summary

Executive summary

• 2Q25 revenue declined 13% sequentially and 9% year-over-year to NT$6,104M, with net income down 19% QoQ and 14% YoY to NT$782M.

• Consolidated financial statements for the six months ended June 30, 2025 and 2024 were reviewed by independent auditors, with no material misstatements identified.

• The company operates in a single segment, focusing on semiconductor design services, with global subsidiaries and a diversified customer base.

• NRE revenue rebounded 47% QoQ but was down 32% YoY; Turnkey revenue fell 29% QoQ but rose 5% YoY.

• Gross margin improved to 33.3% from 28.1% in 1Q25, despite lower sales.

Financial highlights

• Net revenue for H1 2025 was NT$13,128 million, up 5.8% year-over-year from NT$12,410 million.

• Net income for H1 2025 reached NT$1,743 million, a 11% increase from H1 2024.

• Operating income for 2Q25 was NT$943M, down 14% QoQ and 9% YoY; OPM held at 15.4%.

• EPS for 2Q25 was NT$5.84, a 19% QoQ and 14% YoY decrease.

• Cash and cash equivalents at June 30, 2025 were NT$6,695 million, down from NT$10,427 million at December 31, 2024.

Outlook and guidance

• Forward-looking statements highlight significant risks and uncertainties; actual results may differ materially.

• The company is assessing the impact of new IFRS standards effective from 2026 and Pillar Two global minimum tax legislation.

• Management expects to maintain sufficient liquidity and capital resources for ongoing operations and industry changes.